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					printpackpaper Auctions Glossary
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									<b>Auto Resubmit</b>: This option for sellers automatically
									resubmits your auction if your item is not sold when the
									auction closes. The auction reopens with the same information.
									<p>
										<b>Automatic Bidding</b>: The system automatically places bids
										on your behalf at the lowest possible increments. You enter
										the highest amount you are willing to pay, then the computer
										goes to work for you. The goal is for you to win your item at
										the lowest possible price. Your maximum bid amount is placed
										only when another bidder has actually bid up to that amount.
									<p>
										<b>Buy Price</b>: The price at which the seller is willing to
										sell the listed item. The auction closes automatically when a
										bidder meets the buy price.
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										<b>Credit Card Verification</b>: Credit card verification is
										an added step to ensure a safe environment for auction
										participants. Your credit card will not be charged. All
										sellers are required to provide a credit card to verify their
										identity before they can sell. Bidders may participate in
										auctions without providing a credit card.
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										<b>Length of Auction</b>: The number of days people can bid on
										your auction. You select a length of time from two to fourteen
										days.
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										<b>Minimum Bidder Rating</b>: This option determines which
										bidders are required to provide credit card verification
										before bidding on your auction. The default rating is None --
										this means that no bidder is required to enter a card number.
										Select a rating number and any bidder with a lower rating
										number will be required to enter their credit card number; set
										it to All Bidders to require every bidder to enter their
										credit card number. Note: we currently do not have credit card
										verification available in all countries, therefore if minimum
										ratings are enabled users from those countries may be blocked
										from bidding.
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									<p>
										<b>Photo Upload</b>: Photo Upload is a feature for adding
										photos to your auctions using the
										<b><font color=#0099BB>print</font><font color=#BB0099>pack</font><font
											color=#BBAA33>paper</font> </b> Auctions submission process.
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									<p>
										<b>Register</b>: In order to place a bid or sell an item you
										need to register at
										<b><font color=#0099BB>print</font><font color=#BB0099>pack</font><font
											color=#BBAA33>paper</font> </b>. Registration is free and it is
										required. This helps provide all participants with a safer
										environment to buy and sell. Your registration information is
										private.
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										<b>Reserve Price</b>: The reserve price is the lowest price at
										which a seller is willing to sell an item. The seller sets a
										"Starting Price" and allows buyers to drive up the price by
										placing bids. If at the close of auction, the bidders have not
										met the reserve price, the seller is not obligated to sell.
									<p>
										<b>Sales Policies</b>: As a seller, you choose how you want
										your transactions to proceed. There are three things you need
										to specify:
									<ol>
										<li>
											Decide what types of payment you are willing to accept from
											buyers (personal checks, cashiers checks, money orders,
											credit cards, or payment via an escrow service).
										<li>
											Specify who pays the shipping costs -- you or the buyer.
										<li>
											Indicate whether you will ship the item after the close of
											the auction or after you receive payment.
											<p>
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										</li>
									</ol>
									<b>Starting Price</b>: All bidding for your item will start at
									this price. Please keep this amount as low as possible. Bids
									below this amount will not be accepted.
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